Enterprise Zone
 The
Florida Enterprise Zone Program offers various tax incentives to
businesses located within the designated enterprise zones. In
addition, local governments may also offer their own incentives.
Listed below are all of the Florida incentives for businesses
located in an Enterprise Zone. Click on the name of the
incentive for further details.
Jobs Tax Credit (Sales Tax): Urban Enterprise Zones
Allows a business located within an Urban Enterprise Zone to
take a sales and use tax credit for 20 or 30 percent of wages
paid to new employees who reside within an enterprise zone. To
be eligible, a business must create at least one new job. The
Sales Tax Credit cannot be used in conjunction with the
Corporate Tax Jobs Credit).
Jobs Tax Credit (Corporate Income Tax): Urban Enterprise
Zones
Allows a business located within an Urban Enterprise Zone to
take a corporate income tax credit for 15 or 20 percent of wages
paid to new employees who reside within an enterprise zone. The
Corporate Tax Credit cannot be used in conjunction with the
Sales Tax Credit.
Business Equipment Sales Tax
Refund: Rural and Urban Enterprise Zones
A refund is available for sales
taxes paid on the purchase of certain business property, which
is used exclusively in an Enterprise Zone for at least 3 years.
Business Equipment Sales Tax Refund Application
Building Materials Sales Tax
Refund: Rural and Urban Enterprise Zones
A refund is available for sales
taxes paid on the purchase of building materials used to
rehabilitate real property located in an Enterprise Zone.
Business Materials Sales Tax Refund
Application
Property Tax Credit (Corporate Income Tax): Rural and
Urban Enterprise Zones
New or expanded businesses located within an enterprise zone
are allowed a credit against Florida corporate income tax equal
to 96% of ad valorem taxes paid on the new or improved property.
Sales Tax Exemption for Electrical Energy: Rural and
Urban Enterprise Zones
A 50% sales tax exemption is available to qualified
businesses located within an Enterprise Zone on the purchase of
electrical energy, if the municipality has reduced the municipal
utility tax by at least 50%.
Community Contribution Tax Credit Program: Rural and
Urban Enterprise Zones
Allows businesses a 50% credit on Florida corporate income
tax, insurance premium tax, or sales tax refund for donations
made to local community development projects. Businesses are
not required to be located in an enterprise zone to be eligible
for this credit.
DR-26 - Application for Sales Tax Refund
Enterprise Zone Map
Annual Report 2007/2008
EZ Local Accomplishments 2007/2008
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link below.
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